2014 (12) TMI 1189

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..... ve not been rejected nor rebutted. In these ci rcumstances, we are of the view that the order passed under section 263 is unsustainable and consequently quash the same. - Decided in favour of assessee. - I.T.A. No. 697/Kol./ 2014 - - - Dated:- 3-12-2014 - Shri Shamim Yahya (Accountant Member) And Shri George Mathan (Judicial Member) For the Petitioner : Shri S.M. Surana, Advocate F .....

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..... sed his view nor rejected the submissions of the assessee before passing the order under section 263. It was the submission that the order passed under section 263 was liable to be quashed. He placed reliance upon the decision of the Hon ble Rajasthan high Court in the case of CIT vs.- Seth Govindram Sugar Mills reported in (2001) in 251 ITR 785. 4. In reply, ld. CIT (D.R. ) submitted that the .....

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..... ther the assessment proceedings must be initiated in the first quarter of 2014-15 and should be completed at the earliest. The A.O. should pass a speaking order and may get necessary guidance of Range Head whenever is called for . Clearly, ld. CIT has not mentioned anything about the assessment order made by the Assessing Officer to be erroneous or prejudicial to the interest of Revenue. Furt .....

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